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Crypto industry reacts after Clarity Act fails Senate vote
The Clarity Act fell short of 60 votes in the Senate. CoinDesk rounds up how crypto and banking leaders, including Matter Labs, are reading the outcome.
ZKsync News > Regional banks build the Cari ...
Published Jun 3, 2026 · S&P Global
Regional banks build the Cari Network tokenized deposit platform on ZKsync technology
S&P Global's Q1 2026 stablecoin report spotlights the bank-governed Cari Network, building a tokenized deposit platform on a private ZKsync deployment.
S&P Global Market Intelligence's Q1 2026 stablecoin monitor tracks how banks and payment incumbents are shifting from pilots to real-world deployments of stablecoins and tokenized deposits. A key development: six large U.S. regional banks — First Horizon, Huntington Bancshares, KeyCorp, M&T Bank, Old National Bancorp and SouthState — have formed the bank-governed Cari Network, building a shared tokenized deposit platform on a private version of ZKsync's technology to enable instant, 24/7 interbank payments. The report frames this consortium model alongside proprietary efforts from BNY Mellon and JPMorgan, and notes how the GENIUS Act is pulling stablecoin issuance onshore. For ZKsync, it's a signal that bank-grade, privacy-preserving settlement infrastructure is moving into production among established financial institutions.
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